Georgia vs New Jersey Taxes: Income, Property & Sales

Does Georgia or New Jersey have lower taxes? We answer that in a variety of ways below:

Georgia vs New Jersey Income Tax Comparison

	Georgia	New Jersey
Income Tax Rates & Thresholds	1.00%: $0-$750 2.00%: $751-$2,250 3.00%: $2,251-$3,750 4.00%: $3,751-$5,250 5.00%: $5,251-$7,000 5.75%: $7,000+	1.40%: $0-$20,000 1.75%: $20,001-$35,000 3.50%: $35,001-$40,000 5.53%: $40,001-$75,000 6.37%: $75,001-$500,000 8.97%: $500,001-$1,000,000 10.75%: $1,000,001+
Median Income	$67,730	$92,340
Income Tax Paid On Median Household Income	$10,971	$16,776
Income After Tax Based on Median Household Income	$56,759	$75,564

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Georgia vs New Jersey Property Tax Comparison

	Georgia	New Jersey
Average Property Tax Rate	0.70%	1.79%
Average House Price By State	$320,437	$500,717
Average Property Tax Owed Per Year	$2,243	$8,963
Income After Income Taxes & Property Taxes Based On Median State Household Income	$54,516	$66,601

Georgia vs New Jersey Sales Tax Comparison

	Georgia	New Jersey
Average State Sales Tax	4.00%	6.63%
Average Local Sales Tax Across the State	3.35%	-0.03%
Average Combined Sales Tax Rate	7.35%	6.60%
Maximum Amount of Sales Tax Paid Based on Median Household Income	$3,733	$4,124
Maximum Disposable Income Based on Median Household Income	$50,783	$62,478

After Tax Comparison Earning $40,000 Per Year Filing As Single

	Georgia	New Jersey
Income Tax Owed	$4,748	$3,723
After Tax Income	$35,252	$36,277
Income After Income & Property Tax	$33,009	$27,314
Maximum Disposable Income After Income, Property & Sales Taxes	$30,749	$25,623

After Tax Comparison Earning $60,000 Per Year Filing As Single

	Georgia	New Jersey
Income Tax Owed	$8,826	$7,736
After Tax Income	$51,174	$52,264
Income After Income & Property Tax	$48,931	$43,301
Maximum Disposable Income After Income, Property & Sales Taxes	$45,581	$40,620

After Tax Comparison Earning $80,000 Per Year Filing As Single

	Georgia	New Jersey
Income Tax Owed	$14,376	$13,276
After Tax Income	$65,624	$66,724
Income After Income & Property Tax	$63,381	$57,761
Maximum Disposable Income After Income, Property & Sales Taxes	$59,041	$54,185

After Tax Comparison Earning $100,000 Per Year Filing As Single

	Georgia	New Jersey
Income Tax Owed	$19,926	$18,950
After Tax Income	$80,074	$81,050
Income After Income & Property Tax	$77,831	$72,087
Maximum Disposable Income After Income, Property & Sales Taxes	$72,502	$67,624

After Tax Comparison Earning $100,000 Per Year Filing As Married Filing Jointly

	Georgia	New Jersey
Income Tax Owed	$13,225	$11,121
After Tax Income	$86,775	$88,879
Income After Income & Property Tax	$84,532	$79,916
Maximum Disposable Income After Income, Property & Sales Taxes	$78,744	$74,968

After Tax Comparison Earning $150,000 Per Year Filing As Married Filing Jointly

	Georgia	New Jersey
Income Tax Owed	$26,155	$23,941
After Tax Income	$123,845	$126,059
Income After Income & Property Tax	$121,602	$117,096
Maximum Disposable Income After Income, Property & Sales Taxes	$113,276	$109,846

After Tax Comparison Earning $200,000 Per Year Filing As Married Filing Jointly

	Georgia	New Jersey
Income Tax Owed	$40,030	$38,109
After Tax Income	$159,970	$161,891
Income After Income & Property Tax	$157,727	$152,928
Maximum Disposable Income After Income, Property & Sales Taxes	$146,928	$143,460

After Tax Comparison Earning $250,000 Per Year Filing As Married Filing Jointly

	Georgia	New Jersey
Income Tax Owed	$54,824	$53,213
After Tax Income	$195,176	$196,787
Income After Income & Property Tax	$192,933	$187,824
Maximum Disposable Income After Income, Property & Sales Taxes	$179,723	$176,195

FAQ

Does Georgia or New Jersey have lower income taxes?

Georgia’s income tax falls into the following range:

• 1.00%: $0-$750
• 2.00%: $751-$2,250
• 3.00%: $2,251-$3,750
• 4.00%: $3,751-$5,250
• 5.00%: $5,251-$7,000
• 5.75%: $7,000+

Whereas New Jersey’s income tax is the following

1.40%: $0-$20,000

1.75%: $20,001-$35,000

3.50%: $35,001-$40,000

5.53%: $40,001-$75,000

6.37%: $75,001-$500,000

8.97%: $500,001-$1,000,000

10.75%: $1,000,001+

Does Georgia or New Jersey have lower property taxes?

Georgia has an average property tax rate of 0.70%

In comparison, New Jersey has an average property tax rate of 1.79%

Does Georgia or New Jersey have lower sales taxes?

Georgia has a state sales tax rate of 4.00% and an average local rate of 3.35% for a combined total rate of 7.35%.

In contrast, New Jersey has a state sales tax rate of 6.63% and an average local rate of -0.03% for a combined total rate of 6.60%.

Do you get to keep more money in Georgia or New Jersey?

Based on median household income after income, property and sales taxes Georgia gives you a maximum amount of disposable income of $50,783

In comparison, New Jersey gives you $62,478.

More Comparisons:

Georgia vs Virginia
Georgia vs Washington
Georgia vs Arizona
Georgia vs Tennessee
Georgia vs Massachusetts


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Sources:

https://en.wikipedia.org/wiki/State_income_tax#Rates_by_jurisdiction

https://www.bankrate.com/real-estate/property-tax-by-state/#by-state

https://fred.stlouisfed.org/release/tables?eid=259515&rid=249

https://www.fool.com/the-ascent/research/average-house-price-state/

https://taxfoundation.org/data/all/state/2022-sales-taxes/

https://www.forbes.com/advisor/income-tax-calculator/